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About 54 Crore Loans Worth Over Rs 35 Lakh Crore Sanctioned Under MUDRA Scheme: Centre

Newsmantra — Tue, 05 Aug 2025 07:43:05 +0000

The Pradhan Mantri MUDRA Yojana (PMMY) has sanctioned over 53.85 crore collateral-free loans worth ₹35.13 lakh crore to micro and small enterprises, promoting self-employment and income generation since its launch. Complementing this, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has facilitated the opening of more than 55.90 crore bank accounts, advancing financial inclusion. The government has also implemented targeted schemes like Stand-Up India, PM SVANidhi, PM Vishwakarma, and PMEGP to boost credit access for SC/ST and women entrepreneurs, artisans, and micro-enterprises. To strengthen credit evaluation for underserved groups, initiatives such as the Grameen Credit Score and the MSME New Digital Credit Assessment Framework have been introduced, leveraging technology and alternative data. Platforms like the Jan Samarth Portal and RBI’s Priority Sector Lending (PSL) norms further ensure efficient credit delivery to key sectors, enhancing participation in the formal financial system.

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PNB partners with AMUL to support dealer networks in India

Newsmantra — Mon, 03 Jul 2023 10:33:28 +0000

Punjab National Bank (PNB) has partnered with Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMFL), better known as “AMUL” to offer financial services to Federation’s supply network pan India under the MUDRA scheme.

An MoU to this effect was signed between PNB and GCMMFL (Amul) at , New Delhi in the august presence of SriJayen Mehta, MD,GCMMFL, Sri M.Paramasivam, Executive Director, PNB, Sri Sunil Kumar Chugh, CGM(PNB), Sri Sunil Goyal, CGM (PNB), Sri Atul Agarwal, SGM & CFO, GCMMFL and other senior officials of PNB and Amul.

Via small ticket financing under MUDRA, the Bank will be financing Amul’s Retailers, Whole sale Dealers/Area Milk Distributors and exclusive AMULPreferred Outlets-Milk Parlours.

Sharing his thoughts on the partnership, Sri M. Paramasivam, ED, PNB said, “We are happy to be partnering with one of India’s largest food product marketing organizations. This association will not only accelerate Amul’ssupply chain but also,open unique opportunities for the Bank by expanding its customer base.

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